Shiba Inu (SHIB) Token Holders Surpass 1.2 Million

On-chain holders of the decentralized meme token Shiba Inu (SHIB) have surpassed the 1.2 million mark. Top 100 holders collectively hold 82.11% of Shiba Inu’s total supply. Meanwhile, in the last 12 days, Shiba Inu (SHIB) token saw a massive accumulation from investors.

Shiba Inu (SHIB) Token Holders

With the growing adoptions, listings, and developments around the Shiba Inu token, the number of wallet addresses holding any quantity of the second-largest dog-themed token on-chain, has been consistently increasing.  

As revealed on Etherscan, Shiba Inu (SHIB) token holders have exceeded 1.2 million. Reportedly, the total holders of Shiba Inu reached an all-time high of 1,245,352 holders in February 2022. 

At the time of writing, over 1,200,200 wallet addresses hold uneven units of the SHIB token. Notably, the top 100 holders collectively own 82.11% of all existing Shiba Inu tokens. While the top 10 holders collectively own 62.91% of Shiba Inu’s total supply. 

That is a total of 821,102,117,267,697 and 629,048,881,544,945 held by the top 100 and top 10 accounts respectively from the total supply of 999,991,401,773,775.35 tokens, according to the Etherscan analytics.  

Read Also: Top 3 Major Projects Planned For the Shiba Inu Ecosystem in 2022: Details

Buy Opportunity For Investors

Following the intensifying sell-offs in the crypto market, Shiba Inu has been on the decline this week. Precisely, the token has fallen about 68.21% below its all-time high of $0.000032.

In the past 7 days, the price of Shiba Inu has fallen by 0.44% per Coinbase statistics. Also, in the last 24 hours, SHIB’s price declined by 0.92%. At the time of writing, the current price of the token is $0.00001 per SHIB. 

However, many investors see this huge price decline as a rare opportunity to fill their bags. Therefore, some whales are taking advantage of the dip by massively accumulating the Shiba Inu token.